The First Deputy Chairman of the Central Bank of Azerbaijan, Alim Guliyev, declared that there are plans to issue a 200 manat note (AZN200.1) in the near future.
The replacement of 1 (AZN1.1 and AZN1.2), and 5 manat (AZN5.1 and AZN5.2) notes for coins is also being discussed. While small notes have a life cycle of less than 2 years, coins last more than 15 years, with obvious savings.
Source: Trend News Agency
Courtesy: Cleophas Schockem
©2017 Monetary Research Institute
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